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20130112
20130112
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want to ask you about the debt ceiling. democrats are saying bypass the house entirely. something about invoking the 14th amendment. how would that work? >> the white house press secretary jay carney said a couple of times that the president would not do that, but you saw senate democrats yesterday, specifically a strong worded letter from harry reid saying you have to do this. we have to figure out a way, can't get caught up in this. that's one option, the other option is the so-called trillion dollar coin, which the white house isn't ruling out. jay carney laughed it off this week, but wouldn't rule it out. and that's interesting. out there. another option. >> and the timeline, rachel, on the fight. how is that playing out? >> three fights colliding in washington now. you will recall the sequester got only pushed back by only two months after the last fiscal chief fig cliff fight. that expires in march. the debt ceiling fight, that has to be raised by sometime mid-february, and we have this very consequential fight coming up that nobody seems to know an exact date at this point. await
beautiful people. wishful thinking doesn't make it happen. they can use the debt ceiling as a hostage like they attempted to use the fiscal cliff as a hostage, to get something else done, something they haven't been able to use do using the normal democratic process because that process is broken. the fiscal cliff deal puts off dealing with mandatory spending cuts until march 1st. republicans fully spend to use the debt creeling to extract concessions from democrats on spending. they'll target things like social security and medicare. democrats will stand in their way. the u.s. will find itself at another dead end just like 2011, threat on the shut down the government and possibly result in a credit rating downgrade again. but outside washington the road to america's prosperity looks brighter. foreclosures are down. home sales and housing prices are up. the s&p 500, you may have something like this in your 401(k). it hit a five-year high this week. and a rebound in domestic energy production and manufacturing could lead to a true economic renaissance in america. u.s. oil imports next year
and if the president if they want to can certainly direct the treasury to ignore the debt ceiling and then basically say go ahead and sue me and see if anybody does and go to the core process and i don't think that's something the president wants to do that he doesn't want to evoke this 14th amendment and that's the shorthand used for it and i think what's fascinating here and you have members of congress, ceding their institutional authority given that congress is more popular these days and i think there's probably some sort of middle ground that can be found with mitch mcconnell and it's been a big fan of this idea and it gives the president the authority to raise the debt limit with the disapproval and my guess is that that's the back-up plan whenever anyone backs themselves into the corner. >> president obama refuses to negotiate with the speaker about the debt ceiling and what happens? what happens? what are the consequences, anding up, and the fiscal cliff. >> the president will not negotiate over the debt limit as such. i do think there's room for negotiation in that statement and the presid
to crisis. first the fiscal cliff, the debt ceiling, the sequester coming up and no long-term planning on issues that really affect the american public. >> jamie: julie, that's not my question. with all due respect. i understand that you feel the republicans are standing in the way of what the president wants on some things, but what specifically is his jobs plan? you must know. >> of course, i can tell you the jobs plan he introduced last year and happy to introduce it tomorrow if the republicans said they'd vote on. infrastructure investment and in our states, hire more firemen police and teachers, give tax breaks to companies in order to encourage them to hiring. and tax breaks to americans, to american companies to bring jobs. >> jamie: you're not-- julie, what you're not mentioning is-- >> angela, some of those things sound like they might be helpful. >> yeah, some of those things could be helpful, but the president did have a jobs plan that before the senate and some democrats voted it down. the bottom line, is this, julie, the president has a bully pulpit and doesn't want to tal
Search Results 0 to 3 of about 4